The downbeat estimates follow Japanese daily Nikkei’s report on Tuesday that output of the latest iPhone models would be cut by about 30 percent in the January-March time frame so dealers could offload stock.

Qorvo cut its revenue estimate for the December quarter to about $620 million from $720 million-$730 million, blaming weaker-than-expected demand for its radio-frequency chips used in mobile devices.

Analysts on average were expecting $723.7 million, according to Thomson Reuters I/B/E/S.

Cirrus, which gets about three-quarters of its revenue from Apple, cut its revenue estimate to about $347 million from $370 million-$400 million.

Analysts on average were expecting $385.9 million for the third quarter ended December.